Authors: Sukhada Koppikar, Prof Manju Singh
Abstract: Financial literacy has emerged as an important tool for promoting financial inclusion, economic participation, and women's empowerment. However, much of the existing discourse focuses primarily on financial knowledge, budgeting, saving, and access to financial products. this article argues that while these elements are important, they do not fully address the realities faced by many women. True financial empowerment extends beyond understanding money and requires the development of financial safety, financial confidence, and wealth-building capabilities. Drawing upon research, practical experiences, personal observations, and discussions surrounding women's financial behaviour in India, this article introduces a broader perspective on financial literacy. It explores the transition from financial survival to financial stability, from financial stability to wealth creation, and from wealth creation to financial agency. The book examines the role of assets, human capital, financial decision-making, emergency preparedness, investment behaviour, and long-term planning within the context of women's lives. A central argument of the book is that women should not be expected to create wealth without first establishing financial safety. Just as a traveller requires tools, resources, and a map before embarking on a journey, women require financial knowledge, financial security, and strategic planning before meaningful wealth creation can occur. Through practical frameworks, relatable examples, and analytical discussion, the book seeks to bridge the gap between financial literacy and financial empowerment. Ultimately, it proposes that financial feminism is not merely about earning money but about creating the capability to make choices, withstand adversity, build wealth, and shape one's own financial future.
DOI: http://doi.org/10.5281/zenodo.20605098
